డైరెక్టర్ల నివేదిక Thapar Exports Ltd.

Jun 30, 2012

The Director hereby present the Twenty Second (22nd) Annual Report of the company together with the Audited Accounts for the year ended on 30th June, 2012.

FINANCIAL RESULTS

Amt. in Rs.

30th June 2012 30th June 2011

Revenue from operations 12393615 9812766

Other Income 450233 2423096

Profit/ (loss) before depreciation (1279428) 1187105

Depreciation 982268 978155

Net profit/ (loss) before tax (2261696) 208950

Your Directors hereby report that the current year was not fruitful for the company. The company incurred loss of Rs. 2261696/- during the year due to various which were beyond the control of management. The management is looking forward positively and is continuously involved in developing strategies for improving performance of the company.

DIVIDEND

Keeping in view non availability of profits, your directors regret do not recommended dividend.

DIRECTORS

In accordance with the provisions of the Articles of Association of the company and the companies Act, 1956 Sh. Ram Rang Pandey, Directors retire by rotation and being eligible offers himself for reappointment.

PUBLIC DEPOSITS

During the year ended 30th June 2012 the company did not accept any deposits falling within the preview of section 58 A of the companies Act, 1956.

COMPLAINIES COMPLIANCE CERTIFICATE

The compliance Report issued by the practicing company secretary as provided under section 383A of the company Act, 1956 has been enclosed being part of this report.

STATUS WITH REFERENCE TO THE BOARD FOR INDUSTRIAL AND FINANCIAL RECONSTRUCTION

The company has been declared sick by Board for Industrial and Financial Reconstruction vide its letter no. 387/2001, 139/2004, 147/2004, 66/2005 and 33/2008 dated 10/02/2010 under sick Industrial Companies (special Provisions) Act, 1985. The State Bank of Indore, (Now State Bank of India) New Delhi has been is in process of preparing the Draft rehabilitation scheme for the company.

AUDITORS

M/s Vimal Dixit & Associates, Charted Accountants holds office up to the conclusion of the forthcoming Annual General Meeting. M/s Vimal Dixit & Associates, Charted Accountants are eligible for reappointment and the Board of Directors has recomended their appointment as statutory auditors for the year for the 2012-2013.

PARTICULARS OF EMPLOYEES

The information in respect of particulars of employees us 217 (2A) of the Companies Act, 1956 read with the Companies (Particulars of employees) Rules, 1975 as amended upon to date may be treated as NIL.

PARTICULARS U/S 217 (I) (e)

In term of section 217(I) (e) of the companies Act 1956 (as amended) read with the companies (Disclosure of particulars of in the Report of Board of Directors ) Rules 1988, the directors furnish herein below the required additional information.

II. TECHNOLOGY ABSORPTION

1. Research & Development (R&D)

a) Specific area in which R&D carried out by the company :

Research & Development in general for enhancing overall productivity, cost cutting, planning for time saving is carried on generally.

b) Benefits derived as a result of the ABOVE R&D :

Helped in saving time and increasing productivity.

c) Future plan of Action :

Concentrating and Planning to developed new and improved methods of production and cost cutting.

2. TECHNOLOGY ABSORPTION, ADAPTATION AND INNOVATION

a) Effects, in brief, made towards technology absorption None

b) Benefits derived as a results of the above None efforts, e.g., product improvement, cost reduction, production development, import substitution etc,.

c) In case of imported technology (imported during the last five years reckoned the beginning of the financial tear) following information may be furnished.

i) Technology improved Not Applicable

ii) Years of import Not Applicable

iii) Has technology been absorbed Not Applicable

iv) If not fully absorbed, area, where this has not taken place reasons thereof and future plan of action. Not Applicable

DIRECTORS RESPONSIBILITY STATEMENT

Pursuant to section 217(AA) of Companies Act 1956, The Directors Confirm:

a) That in the preparation of the annual accounts the applicable accounting standards have been followed and that no material departure have been made for the same, applicable accounting standards have followed an that no material departures have been made for the same.

b) That they have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give true & fair view of the state of affairs of the company at the end of the financial year and of the profit and loss account of the company for the year.

c) That they have taken proper & sufficient care for maintenance of adequate accounting records in accordance with the provisions of company Act, 1956 for safe guarding the assets of the company and for preventing& detecting fraud & other irregulatories.

d) That they have prepared the annual accounts ongoing concern basis.

ACKNOWLEDGEMENT

Your Directors place on record its sincere appreciation towards companies valued customers for the support and the confidence reposed by them in the company and look forward to the continuance of his mutually supportive relationship in future. Your directors acknowledgement the contribution made by all shareholders. Lastly, the directors take on record the valued contribution of all its staff members during the year.

By order of the Board

For THAPER EXPORTS LIMITED

(RAM RANG PANDEY) (CHATTAR SINGH)

DIRECTOR DIRECTOR

PLACE : LUDHIANA

DATED : 04/12/2012

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Jun 30, 2010

The Directors hereby present the Twentieth Annual Report on the Affairs of the company together with the Audited Accounts for the year Ended on 30th June, 2010.

FINANCIAL RESULTS 2009-2010 2008-2009 (Rs. in Lacs) (Rs. in Lacs)

Turnover & other Income 73.38 25.02

Profit/(Loss) before Depreciation (7.51) (8.41)

Depreciation 9.74 9.71

Net Profit/(Loss) after depreciation (2.23) (18.13)

PERFORMANCE REVIEW

This year also the company incurred losses. Net loss suffered during the year is 2.23 Lac against the last years net loss of Rs. 18.13 Lac. Although sales during the year increased out high cost of raw material, labour and increased burden of interest forced the company to suffer losses.

DIVIDEND

Keeping in view the non availability of distributable profits your directors do not recommend any dividend on equity shares.

PUBLIC DEPOSITS

During the year ended 30th June, 2010 , no fresh deposits were accepted by the Company falling within the perview of Section 58 A of the Companies Act, 1956.

STATUS OF REFERENCE TO THE BOARD FOR INDUSTRIAL AND FINANCIAL RECONSTRUCTION.

The company has been declared sick by Appellate Authority for Industrial and Financial Reconstruction vide its letter no. 387/2001, 139/2004, 147/2004, 66/2005 and 33/2008 dated 10/02/2010 under Sick Industrial Companies (Special Provisions) Act, 1985. The State Bank of Indore , New Delhi has been appointed as operating agency and the company in consultation with operating agency is in process of preparing the Draft Reha.bilitations Scheme for the company.

EXPORTS

During the year Exports Sales of the company was NIL.

CORPORATE GOVERNANCE

Your directors affirm their commitments to the Corporate Governance standard prescribed by the Regulatory Authorities. A Report on corporate governance with Management Discussion and Analysis as required under Clause 49 of the Listing Agreement is attached.

DIRECTORS

In accordance with the provisions of the Articles of Association of the Company and the Companies Act,1956 Sh. Chattar Singh, Director retire by rotation and being eligible offers himself for reappointment

In terms of Clause 49 of the Listing Agreement with Stock Exchanges, the details of directors to be appointed /re- appointed are contained in the accompanying notice of the forthcoming Annual General Meeting.

AUDITORS

M/s Vimal Dixit & Associates, Chartered Accountants holds office up to the conclusion of the forthcoming Annual General Meeting. M/s Vimal Dixit & Associates, Chartered Accountants- are eligible for reappointment and the Board of Directors has recommended their appointment as statutory auditors for the year for the 2010-2011.

PARTCULARS OF EMPLOYEES

The information in respect of particulars of employees u/s 217(2A) of the Companies act,1956 read with the Companies (Particulars of Employees) Rules,1975 as amended up to date may be treated as NIL.

PARTICULARS U/s 217(I)(e)

In term of Section 217(I)(e) of the Companies Act, 1956 (as amended) read with the Companies (Disclosure of particulars of in the Report of the Board of Directors) Rules, 1988, the directors furnish herein below the required additional information:

TOTAL ENERGY CONSUMPTION AND ENERGY CONSUMPTION PER UNIT OF PRODUCTION AS PER FORM "A" OF THE ANNEXURE IN RESPECT OF INDUSTRIES SPECIFIED IN THE SCHEDULE THERETO.

2009-10 2008-2009 A. POWER & FUEL CONSUMPTION (12 Months) (12 Months)

I. Electricity

a) Purchased units (KWH) 53382 35859

Total Amount (Rs.) 309085 163157

Rate/Per Units (Rs.) 5.79 4.55

b) Own Generation through D.G.Set

Unit(KWII) NIL NIL

Total Amount (Rs.) NIL NIL

Rate Per Unit (Rs.) NIL NIL



II. TECHNOLOGY ABSORPTION

Effects made in Technology Absorption as per Form-B of the Annexure to the Rules.

1. Research & Development (R&D)

a) Specific area in which R&D carried out by the Company :

Research & Development has continuously been carried out in general for improvement in quality of existing products, development of new and improved products of production, processes for better productivity.

b) Benefits derived as a result of the ABOVE R&D: Helped in cost reduction to some extent.

c) Future Plan of Action:

Development of new and improved products for better productivity, efficiency in production and reduction in cost per tone are planned.

d) Expenditure on R & D: (Rs. in Lacs)

Capital Nil

Recurring Nil

Total R&D Expenditure as a percentage of total turnover Nil

2. TECHNOLOGY ABSORPTION, ADAPTATION AND INNOVATION

a) Effects, in brief, made toward technology absorption None

b) Benefits derived as a result of the above efforts, e.g.product None improvement, cost reduction, production development, import substitution etc.

c) In case of imported technology (imported during the last five years reckoned from the beginning of the financial year) following information may be furnished.

i) Technology Imported Not Applicable

ii) Years of Import Not Applicable

iii) Has technology been absorbed Not Applicable

iv) If not folly absorbed, area, where this has Not Applicable not taken place reasons thereof and future plan of action.

C. FOREIGN EXCHANGE EARNING AND OUT-GO

i) Earnings : NIL

ii) Outgo : NIL

INDUSTRIAL RELATIONS

Your directors are pleased to inform that during the period under review, Industrial relations remained peaceful and cordial at all levels.

DIRECTORS RESPONSIBILTY STATEMENT

Pursuant to Section 217(AA) of Companies Act, 1956, The Directors confirm:

a) That in the preparation of the annual accounts, the applicable accounting standards have been followed and that no material departures have been made for the same, applicable accounting standards have followed an that no material departures have been made for the same.

b) That they have selected such accounting policies and applied them consistently and made judgments and estimates that arc are rasonable and prudent so as to give true & fair view of the state of affairs of the company at the end of the financial year and of the profit & loss account of the company for the year.

c) That they have taken proper & sufficient care for maintenance of adequate accounting records in accordance with the provisions of Company Act, 1956 for safe guarding the assets of the company and for preventing & detecting fraud & other irregularities.

d) That they have prepared the annual accounts on going concern basis.

ACKNOWLEDGEMENT

Your Directors place on record its sincere appreciation towards Companys valued customers for the support and the confidence reposed by them in the Company and look forward to the continuance of this mutually-supportive relationship in future. Your directors acknowledge the contribution made by all stakeholders and support extended by its Bankers/Lenders. Lastly . the directors take on record the valued contribution of all its staff members during the year.

By order of the Board FOR THAPAR EXPORTS LIMITED

Sd/- Sd/-

(SURINDER SINGH) (CHATTAR SINGH) DIRECTOR DIRECTOR

PLACE : LUDHIANA DATED: 03/12/2010